https://gainl.ink/pa5aeWNe

Quote from: Essential10 on August 11, 2023, 12:07:16 AM

Quote from: Odohu on August 10, 2023, 04:55:51 PM

This thought have been bothering me for a while and I feel we can discuss it here. Many people that are building their Bitcoin portfolio are doing it to also save for the coming generation. However, how this wealth will be transferred to the heirs and the next generation and how this wealth will be preserved without being lost or causing problems still remain unclear.

I understand for other tangible assets, a WILL can be written to be revealed when the time is right. But for Bitcoin, I don't know how this can be done as it may require revealing the secrete codes of the wallets or storage device. Is there any other way this can be done?

Leaving bitcoins to heirs may sound scary, but with the right education, it doesn't have to be. Most adults haven't established an estate plan. It didn't even occur to them to protect their bitcoins and leave them to heirs. You can enter where your Bitcoin backups are stored. You can write that your Bitcoin keys are stored in a family safety deposit box. Now, this information will not be helpful to strangers or hackers. They will have no idea what the keys are, or where your family safety deposit box is or how to get into it. But a trusted family member will tell this information. That way, you can have peace of mind knowing your bitcoins will be found by the right person.